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>> susie: a big triple-digit rally on wall street, thanks to big profits from corporate america and a breathrough in those debt talks in washington. >> tom: then, after the closing bell, apple is top banana in the company reports staggering earnings as consumers buy a record 20 million iphones. it's "nightly business report" for tuesday, july 19. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. a banner day for blue chips. the dow surged more than 200 points, its best one-day performance this year. at the close, the dow added 202 points, the nasdaq rose 61 and the s&p 500 up 21 points. then after the bell, susie, apple did it again, posting stunning earnings. >> susie: tom, we're running out of adjectives to describe the amazing growth at apple. it earned $7.79 a share in its fiscal third quarter, crushing estimates by almost $2. revenues also came in better than expected, up 82% to $28.5 billion. and that growth comes as consumers keep s
," washington. >> tom: if richard cordray is confirmed, part of his job will be checking the books of big banks. we'll get a better idea of how they're doing in the coming days when many report quarterly earnings. by the end of this week, 40% of financial firms in the s&p 500 will have reported their numbers. as a group, the results are expected to be downright awful. erika miller reports. >> reporter: banks are the heartbeat of the economy, so their health is often used as a barometer of the recovery-- and the stock market. unfortunately for investors, bank analyst jim sinegal sees plenty of uncertainties ahead. >> in addition to macroeconomic uncertainties, with unemployment high, with g.d.p. growth slow, will the banks be able to add new loans? that's number one. number two is the regulatory uncertainty. we are still not sure where capital levels are going to fall out, and how that's going to affect profitability. >> reporter: as for profitability, diversified financials are expected to be the worst performer this earnings season-- down 94%. this is the group that includes bank of america, j
the hacking happened. it is a big acts, but i do not think it solves the real issue and news international. >> i am satisfied that rebecca -- her leadership in the business and her standard of ethics, her standard of conduct throughout her career are very good. >> with big consumer company after big consumer company pulling their advertising from quoted news of the world," the commercial future -- from "news of the world," the commercial future was looking bleak. >> it is going to be investigated. there must be a full judicial inquiry. >> here is the other newspaper jewel acquired by rupert murdoch in 1969," the sun." could there be a sunday without a murdoch tabloid? unthinkable, surely. >> despite today's announcement, the fallout from the scandal seems to be far from over. scotland yard say they have identified 4000 possible hacking victims. an inquiry will start into possible wrongdoing by police officers. we have the latest on that part of the case. >> this famous newspaper titles may have been confined to history, but the scrutiny of its methods goes on. britain's most senior policem
these months of doing nothing, sided with the $4 trillion a solution, the big solution, which includes tax reform and dealing with entitlements. maybe i'm whistling past the graveyard, but for the first time i feel a tiny bit of hope they can get this done. >> did we hear a suggestion from speaker boehner earlier this week that possibly, they might consider an increase in tax revenues? >> if you were to means test social security, for example, not a crazy idea, but it is a tax increase -- >> it is not a tax increase, it is a reduction of benefits. >> obama, as far as i can tell, has basically, and so far, thrown in the towel. he says he wants to have some loopholes close, but that unsystemic revenue increase does not get you very far. the question that is where you got? -- where do you cut? you have to cut everywhere, especially in science, especially defense, but you also have tax increases -- especially entitlements, especially defense, but you also have to have tax increases. >> that is not true. obama, as i understand it, has presented a range of options brought the little group decide
in three weeks the president continued to press for a big deal to raise the debt ceiling and to reduce the deficit by $4 trillion. >> i am still pushing for us to achieve a big deal. but what i also said to the group is if we can't do the biggest deal possible, then let's still be ambitious. let's still try to at least get a down payment on deficit reduction. we are obviously running out of time. and so what i have sd to the members of congress is that you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised through whatever mechanisms they can thk about anshow me a plan in terms of what you are doing for deficit and debt reduction. if they show me a serious plan, i'm ready to move. even if it requires some tough decisions on my part. and i'm hopeful that over the nextouple of days we'll se this long jam broken because the american people i think understandably want to see washington do its job. >> charlie: president obama ruled out a 2.4 trillion plan proposed by house republicans. >> my expectation is thayou will probay see the h
-- it has big tax increases in it and all the spending cuts will happen in the out years. well, how many times do politicians think they can pull that one over on the american people? >> reporter: the split among republicans made it difficult for party leaders to determine just what might pass the house. whatever it turns out to be, it still must be acceptable to senate democrats and ultimately to the president. this morning, the senate's majority leader democrat harry reid challenged house speaker john boehner to take matters in hand. >> right now, i'm at a point where we need to hear from the house of representatives. we've planned to go forward over here, but until we hear from the house all our work is for naught. i await word from the speaker. >> reporter: in the meantime, there's general agreement that translating the complex gang of six plan into legislation and votes before august second, is likely unrealistic. that could put the short-term emphasis back on a senate backup plan to let the president raise the debt ceiling on his own pending some final, long-term agreement. >> ifil
a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional day for them. as they were finishing up their job they had put together a series of cards with messages talking about their appreciation for the program, their patted rotism and frankly -- patriotism and their sadness, and the final word was god bless america, held by travis thompson himself. this is travis thompson's last day on the job, after 100 shuttle missions, getting the crews strapped in and ready to go to space, tomorrow he has no job. where he is going to go to work. as he said, my job is putting human beings in spacecraft to go to space. i don't see a lot of prospects for doing that somewhere else. so it is a poignant moment for him. >> so finally, miles, look back with us
to the business, it's search! >> tom: corporate earnings season heats up with big numbers from google and a healthy quarter from j.p. morgan. it's "nightly business report" for thursday, july 14. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: this program is made possible by contributions to your pbs station from viewers like you. captioning sponsored by wpbt >> tom: good evening and thanks for joining us. almost $7 billion in sales equals another blockbuster quarter for google, a blowout beginning to earnings for technology companies. susie, internet search and search advertising continue driving the big profits at the web giant. >> susie: tom, google's earnings surged almost 40% and google stock soared as well, up over $60 or 12% after the closing bell. google earned $8.74 a share in the second quarter, about $1 more than analyst estimates. google continued its hiring blitz, adding 2,400 employees during the quarter. paid clicks, or the number of times internet users clicked on the company's ads, rose 18%, in line w
exposure to italian paper. even american banks have almost $300 billion. is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte. but the decree for a large austerity plan was already passed. and it was because of this fight that the markets feared that maybe this decree was not going to be approved by parliament. today the situation has been clarified. by friday this package will be passed and, you know, italy is going to go on by adopting this plan and by 2014 it will have a balanced budget which is going to be quite an enviable situation if all of this will go according to plan. >> suarez: professor rogoff, the news of the austerity plan seemed to have calme
to use. now, you can do a skype video chat or call without leaving facebook. this is big for facebook. this is not so revolutionary for the users. >> are these the kind people that actually want to have video chat and video conferences? i thought that was more of a work scenario. >> with any audience, this kind of a video chat behavior is for the minority of your interactions because if you are in a certain place, once you introduce visual and audio cues, you have to have a controlled environment. i cannot have a video chat with you while i'm on the bus. this is by definition a rich interface for a minority of your communications. nonetheless, they spoke with like this to happen within facebook and not have you leave facebook and have you use your skype program. >> one thing that seems to be clear is that the business side, this comes in the same week that google has announced its social network is try to take on facebook as well. who was winning that battle? >> if you measure this on sheer numbers, no one touches facebook. during the announcement, they mentioned they have 750 million
in this story. todas big turn was the dpe sigs by rupert and james murdoch james being his son and head of his british operations, to do 180-degree turn raer late in the day and having told the parliamentary committee that's going to hold a hearing on tuesday that they would not attend james murdoch saying ther loosely "i can't make it that day, i'll make it some other day. they then... summons were issued by the parliamentary committee which had fairly serious implications and they changed their minds. so we now know that come tuesday we will have the three principal executives that are in the frame on all of which, which is rurplt himself, his son, and rebek brooks who is the chief executive as you know of the murdoch subsidiary here in london being called to testify before parliament. catherine, where do you think the next term is in this story? >> well, john said it'saken a different turner. it's taking so many differen turns everyday that that's a really difficult questio i think that it is likely for the moment to stay focused on news international because the pressure on roourplt, on th
think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: another blistering forecast greeted millions of americans today. the unrelenting hot weather broke a series of records, and triggered warnings in state after state. >> judging by the -- large portions of the country the sweating is way from over with temperatures over 100 degrees and above. >> how hot do you think it is. >> 109. >> in wichita, a high yesterday of 111 degrees, breaking a record set in 1982. it was expected to hit 103 today, the 20th straight day of t
a big prize from the failure of the takeover. bskyb's share prices falling around 20% over the past nine days. taking away almost 3 billion pounds from the value of the company. what has rupert murdoch lost? >> this is a once-in-a-lifetime opportunity to acquire 100% of the business which is extraordinarily good prospects, which has a growth trajectory which is well understood. it would have substantially increased the size of the company from around 20% to 25%. >> we may think mr. murdoch is big in the u.k., but he is much bigger in the u.s. the worry for him is that u.s. senators are now on his days following the accusation that 9/11 victims and other families phones or hacked. >> if that is true and if there was any access to any of the victims records, then, you know, in my mind, it would probably be the most invasive and perverse information in's the final moments of their lives and a tremendous innovation to their families as well. >> 1989, the dawn of television's new age. >> mr. murdoch would see himself, rightly many would say, as the founder of bskyb. so to be told by politicia
in the future. >> susie: let's talk a little. we were talking to a big institutional shareholder who is very concern body the outlook fordulwoou yuy b would you buy news corp at $16. is this an opportunity for investors, or is it too risky? >> near term with the $5 billion share buy back that mr. murdoch announced tuesday that begins on august 5th, i think near term, it's probably a buy at news corp, but long term, you have to wait until the dust settles. there's too much uncertainty, and potential liability that the company and senior managers are facing. that want to invest long term. >> susie: there was an article in "newsweek" written by carl bernstein under the title, murdoch's watergate and saying that this is the beginning of the end of the murdoch empire. your thoughts on that. could that be the case? >> i don't think the empire is going to crumble any time soon. but what i think we are seing is perhaps an end to the celebrity type cuture ta inculcated journalism on both sides of the atlantic and has been mainly stimulateed and driven by the murdoch approach to get the news at any co
the big stumbling block right now is the president's insistence on raising taxes. and i think we need to go back two years ago in 2009 when president obama was asked in indiana do you raise tacks during a recession. and he very eloquently i think answered the question. and he said no, don't do that. and he laid out the economic reasons for not doing that. now look, this economy is begging for mercy. we're at 9.2% unemployment. an i think it's time to move off of this notion that somehow the remedy is to increase taxes on job creators. let's focus in on these cuts. let's make thoughtful and wise cuts and let's come together on this in a fashion that makes sense all the way around. >> ifill: listening to both sides of this debate it seems one man's taxes are another man's revenue increases and it's a question of whether you are talking about raising net taxes or not -- or increasing revenues at all. you could imagine that the average viewer trying to make sense of this doesn't know which definition you are talking about. >> here's the definition i think that should be guiding us. the jo
of thing. >> yes, she made a big point in the hearings this afternoon saying she hadn'tbeen to downing street while david cameron was prime minister and contrasted it with the fac she'd been there a l under gordon brown and tony blair and the reason she hasn't been to downing street is she doesn't have to. they see each other ithe country side in the little village and easier to meethere an gng to downing street and have it in the papers. >> the solution to bad journalism has been more journalism and government has been far and ay bystanders and i don't think the committee hearing did a lot to change that. i think the lines of inquiry will continue to advance will come from the guardian and new york times and will come from the wall street journal and probably not from the mps of parliament. >> charlie: but including the wall street journal. >> wall street journal i thought was hilarious the other day saying there's an editorial saying you're all doing overkill there's so much and all hard-hitting. you have a $40 billion company to close a 168-year-old newspaper and ten people arrested
. >> of the picture is complicated. >> it is not as big as a risk associated with drinking alcohol or being overweight which are things you can do something about. >> of this study adds to their understanding. >> now to the phone hacking scandal which rocked the british establishment have led to an fbi investigation. senior former employees have accused james murdock of being mistaken in one of his answers to the select committee of parliament earlier this week. rupert murdoch got a boost when a saudi prince that was the largest share of the company outside of the murdoch family voiced his support. nick, tell us, news corp shares are up for the first time in about two weeks. but the independent directors have hired their own lawyer. or why? >> we are getting mixed signals from the board. they have hired lawyers to protect shareholder value and to guard against maybe their own exposure. there have also been some reports that some of the more independent directors are thinking about ways in which rupert murdoch could give up his title of ceo at the company. this is a board that he controls pretty firmly
give it a big advantage when it comes to election time? thousands of mourners have flocked to the eastern bosnian town to mark the 16th anniversary of the massacre were 8000 bosnian men and boys were killed. them 16 years on, the pain is just as raw. a mother overwhelmed by anguished at finding the remains of her son. it we will pelvic bones and the fragments of his lower jaw that -- was all that could be recovered. at 29 years old, he was one of those killed back in 1995. today, just another green the coffin lowered into the ground. over 600 were buried on this anniversary, identified through dna analysis. statistics perhaps, but for those grieving, sons, fathers, husbands. it was the worst atrocity in europe since the second world war. thousands of bosnian muslims had grounded into the united nations safe haven as the war raged on, but the dutch troops were easily overrun. the men and boys were led off to be slaughtered. around 8000 of them within the space of five days. it is the only part of the balkan wars to be labeled genocide. the bosnian serb commander was filmed r
tsongas had cancer. i think there is a big difference between cancer and migraines. if we are going to hold up the standard of if you have a headache that knocks you out for an hour or two or whatever it that you cannot be president, i think fdr, kennedy who had addison's disease, and eisenhower, who had a really bad heart, would never be president of the united states, and i am not sure that as a position any of us would want to take. i think her answer was good. based on the evidence -- is their behavioral evidence of this woman not being able to handle yourself? >> just being cautionary -- >> well, cautionary is fine. >> i don't know the capitol hill physician, but i don't think is fair to imply that this is a less qualified individual. >> i am not saying that. >> what about rick perry? >> looks more and more like he is going to come into the race. he is showing in the polls as well. mike huckabee, the conservative a finalist in 2008 against john mccain, has already taken a shot at him, pointing out that if he is going to be the champion of all traditional values and high morals,
. getting his tradpain treated properly has made a big difference for both of them. >> his mood has changed. i never knew how he would be hour.our to ou >> the study today is prompting experts to urge doctors everywhere to consider whether a simple painkillers may be a better solution. ♪ >> in haiti, it has been a year and have since the devastating earthquake killed more than 250,000 people and destroyed the capital. 600,000 people still live in settlement camps. many face a daily struggle for survival. he tells the story in his new book. for three decades, he has worked to help the people of the island nation. he recently joined me from new york to discuss their current plight. thank you for joining us. you have been a champion for haiti for many years, long before the earthquake happened. you describe in your latest book the resilience and suffering of the people. what is the situation now a? what should be happening? >> the situation in haiti remains difficult. we're in the midst of and maybe in the early stages of a cholera epidemic. it is related to the earthquake and destruction of
into trouble, it is simply too big to be rescued. italy does have impressive designers and world famous brands. what this masks is low productivity and low growth. some of those who oppose today's austerity package fear that without growth, italy cannot escape its problems. >> we need to put the debt under control but this package is not enough and you cannot put that under control if you do not promote growth. we would be back to squre one. -- square one. >> most of the savings will not take effect until 2013. borrowing costs are close to being unsustainable. the austerity package comes here to italy's lower house tomorrow and it is expected to be passed. it is causing concern but the real focus remains away from here in greece and there are deep divisions about how to organize a second bailout for that country. >> of italy, the home of antiquity, facing many problems. no such concern for an antique manuscript written by jane austen. it sold for $1.50 million. we have more on "the watsons". >> an exit from the unfinished novel. describing the heroine, the daughter of a clergyman. , also atin'
in the big, formal set up? tim farley, the director of programming at sirius xm radio. >> high notes of recent history, the space shuttle atlantis. the completion of yet another mission, sts 135. that is also my low note of the week because it marks the conclusion of a successful mission. now we are left in limbo, wondering what commonality, great mission we can be on where democrats and republicans can be united. >> low note. the news reports from somalia are so sad. i hope that we can provide some relief. >> i have won a low note. the producer of our lovely program for the last six years is leaving to return to her native sweden. we will miss her enormously. she also works at the white house, working for a radio outfit. i am sure all of us will miss her tremendously. >> skol! >> that is our show. we will get it done the best weekend. cheers. >> "white house chronicle"is produced in collaboration with --
disaffected members of his own party. there's no big mechanism, no easy mechanism for ousting him. so andy has e advantage of the holiday. all of this will have time to cooldown. ed milleband, he's right, he's made good progress, but the polls show that although there's been a kind of windy-danging to the tories, the labor has not picked up. the lib-dems, doing badly until now, have gained a little bit. people are not convinced by milleband. i think the relations between the parties remain pretty much unchanged, but ihink these problems have not gone away for cameron, they've just gone io the slightly longer grass, because the police now have until the fall to decide, for example, whether to lay charges. sohat could happen is that all of this could come back with a vengeance around the time of the annual party conferences. >> let's just break this into parts, charlie. the first , david cameron's short-term problem. and that is this question that his error of judgment in hiring mr. coulson. now, until this affair really broke, you could argue that david cameron led the strongest government in w
on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. and the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the firestorm over phone hacking in britain put media magnate rupert murdoch on the hot seat today before a committee of parliament. along with his son and a former top executive, murdoch faced close questioning, and a closer encounter with a pie plate. outside, the sidewalks were crowded with protesters against the murdochs and their newspapers, and british prime minister david cameron. inside, rupert murdoch was confronted by british lawmakers over allegations that his tabloids hacked the p
speaking, it's a big blow for the karzai administration. you know, it'sçç confidant, relatives, high-level aides going back into april some of them are being killed. but more than who is doing it or who it's happening to, i would put it altogether by saying it's a real danger for the stability of the government and it makes it seem as if as the americans and nato begin to pull out, it's really not clear who is in control. it's really not clear where these chips are going to fall. >> you wrote aboutç that ioç oe of the recent pieces for the post that the tenor of kabul is changing. people seem to be preparing for that day when the last u.s. troops are out of there and trying to figure out where the power is going to be. >> exactly. people are very nervous and scared. the last time a super power was involved in afghanistan and suddenly left, which was of course the soviet union in 1989, it wasn't long after that that civil wary rupted which was incredibly vicious and destructive and destroyed much of the capital. nobody thinks that's going to happen now but they're worriedç that s
Search Results 0 to 29 of about 30 (some duplicates have been removed)

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